Prime Minister Narendra Modi’s Government Launches Major Projects in First 100 Days
Prime Minister Narendra Modi’s central government, also known as Modi 3.0, has prioritized significant advancements in science, technology, energy, and security to meet national needs and position India as a competitive economy. In its first 100 days, the Modi 3.0 government has launched projects worth around Rs 15 lakh crore.
Key Initiatives
Some of the key initiatives include:
- Establishment of a Rs 1,000 crore venture capital fund for space startups.
- Successful launch of the EOS-08 satellite aboard SSLV-D3 on August 16.
- Creation of the National Research Fund with an allocation of Rs 50,000 crore.
- Launch of the ‘Vigyan Dhara’ scheme with Rs 10,500 crore.
The first National Space Day was celebrated in honor of the success of Chandrayaan and Mangalyaan. A semiconductor unit will be set up in Sanand, Gujarat, with an investment of Rs 3,300 crore, having a production capacity of 6 million chips per day. Technical advancements have made India the second-largest mobile producer, with the establishment of indigenous semiconductor facilities.
Energy and Security
In the fields of energy and security, the government has approved hydroelectric projects in the Northeast, a joint venture between state entities and central public sector enterprises with an investment of Rs 4,100 crore. Under the VGF (Viability Gap Funding) Scheme, approval has been given for hydroelectric projects worth over Rs 12,400 crore. Offshore wind energy projects worth Rs 7,450 crore have also been approved.
In the National Green Hydrogen Mission, the second tranche has been provided for electrolyzer manufacturing, increasing domestic electrolyzer manufacturing capacity to 1.5 gigawatts per year. The government has introduced a Green Credit Programme for PSUs for tree planting and environmental restoration. The FAME-III scheme promotes the faster adoption and manufacturing of electric vehicles in India. Additionally, the JI-VAN Yojana is being used to promote advanced biofuels.
Political Landscape
Narendra Modi took oath as Prime Minister for his third successive term at an impressive ceremony at Rashtrapati Bhavan on June 9, with 71 MPs from the BJP and its allies joining the party-led National Democratic Alliance (NDA) government. The council of ministers is a blend of youth and experience, with senior BJP leaders including Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman, and S Jaishankar taking oaths of office. Several young leaders from the BJP and allies, including first-time MPs, also made it to the council of ministers. The BJP-led National Democratic Alliance won its third successful term in the results of Lok Sabha polls declared on June 4, with the NDA winning 293 seats and the BJP getting 240 seats.
Doubts Revealed
Prime Minister Narendra Modi -: Narendra Modi is the current Prime Minister of India. He is the leader of the Bharatiya Janata Party (BJP) and has been in office since 2014.
Modi 3.0 -: Modi 3.0 refers to the third term of Narendra Modi’s government. It means he has been elected as Prime Minister for the third time.
Rs 15 lakh crore -: Rs 15 lakh crore is a very large amount of money. In Indian numbering, ‘lakh’ means 100,000 and ‘crore’ means 10 million. So, Rs 15 lakh crore is 15 trillion rupees.
venture capital fund -: A venture capital fund is money set aside to invest in new and innovative companies, especially startups. It helps these companies grow by providing them with the necessary financial support.
space startups -: Space startups are new companies that work on projects related to space, like building rockets or satellites. They are usually small and innovative.
EOS-08 satellite -: The EOS-08 satellite is a type of satellite launched by India. Satellites are objects sent into space to collect information or help with communication.
National Research Fund -: The National Research Fund is money set aside by the government to support scientific research and development in India. It helps scientists and researchers work on important projects.
semiconductor unit -: A semiconductor unit is a factory where tiny electronic parts called semiconductors are made. These parts are used in many electronic devices like computers and smartphones.
Gujarat -: Gujarat is a state in western India. It is known for its rich culture and history, and it is also an important industrial and economic hub.
hydroelectric projects -: Hydroelectric projects are power plants that generate electricity using the energy from flowing water, like rivers. They are a clean and renewable source of energy.
Northeast -: The Northeast refers to the northeastern region of India, which includes states like Assam, Meghalaya, and Manipur. It is known for its beautiful landscapes and diverse cultures.
energy, security, and technology advancements -: Energy advancements mean improving how we produce and use energy. Security advancements mean making the country safer. Technology advancements mean creating new and better technologies to help people and industries.
competitive economy -: A competitive economy is one that can produce goods and services efficiently and can compete well with other countries in the global market. It means the country is doing well economically.
